SINGAPORE (Yosefardi) – Oversea-Chinese Banking Corporation Limited (OCBC Bank) has completed the acquisition of 15,100 ordinary shares in the capital of PT OCBC Sekuritas from PT Farnella Mandiri Utama (seller) and the subscription of 240,000 new preference shares issued by OCBC Sekuritas.
Following completion of the share acquisition, OCBC Bank’s aggregate equity stake in the OCBC Sekuritas has increased from 80.0% to 95.1%.
The aggregate consideration for share acquisition was Rp 255.5 billion or approximately S$27.3 million, funded from OCBC Bank’s internal resources and satisfied in cash.